Prices and market statistics of Binance Coin and Shiba Inu
- Shiba Inu (SHIB) has seen a 10.78% increase in price over the past 7 days.
- SHIB has a market capitalization of $5.5 billion and a trading volume of $304.0 million in the past 24 hours.
- There are currently 589.3 billion SHIB in circulation, and the average holding time is 222 days.
- Shiba Inu ranked as the 12th most popular cryptocurrency.
Binance Coin prepares for mainnet upgrade
- BNB Chain is preparing for a mainnet upgrade in August to address declining metrics.
- BNB surpassed Ripple (XRP) to become the fourth largest cryptocurrency by market capitalization.
- The upgrade will improve the blockchain’s gas metering system, impose restrictions on contract distribution, and implement new transaction types.
Shytoshi Kusama, leader of Shiba Inu, routs scammers amid enthusiasm for Summer of Shibarium campaign
- Shytoshi Kusama has been fighting misinformation and scams targeting investors of Shiba Inu.
- The “Summer of Shibarium” campaign promises exciting releases and the launch of the Shibarium Layer 2 blockchain in August.
- Kusama urges caution and investor education to prevent falling victim to scams.
Excitement and caution, the right balance for investing in meme coins
- As the launch of Shibarium approaches, it is important to strike a balance between excitement and caution.
- Market participants should be wary of promises that seem too good to be true and verify information from reliable sources.
- Kusama’s commitment to protecting the Shiba Inu community highlights the importance of a secure cryptographic environment.
Hot Take
The trajectories of Binance Coin and Shiba Inu have been eventful, with both cryptocurrencies experiencing price hikes and significant news. While Shiba Inu has shown growth and relevance in the crypto ecosystem, Binance Coin has demonstrated resilience and is preparing for a mainnet upgrade. Shytoshi Kusama’s fight against scams highlights the need for caution and vigilance in the crypto space. As the launch of Shibarium approaches, it is important for investors to strike a balance between excitement and caution to navigate the risks and opportunities of meme coins.
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